Finally rally towards life time highest amid only very Short Term correction possibility
Nifty-Intra Day Chart Analysis &
Market Outlook(25-11-2022)
Nifty-Intra Day Chart (24-Nov-2022):-
Technical Patterns formation in today intraday charts
1- Up moves after positive opening
2- More than 4 hours consolidation between 18357-18405
3- Sharp up in last half hour
4- Whole day actual trading between 18295-18529
Conclusions from intra day
chart analysis
As firstly up moves after positive opening and after that more than 4 hours good intraday consolidation between 18357-18405 therefore Sharp up moves were seen in last half hour. Only consolidation and intraday selling was not seen today therefore up moves continuation is expected in the coming sessions also.
Very Short indicators have turned Over bought after strong intraday today rally therefore only very Short Term correction towards today consolidation range may be seen but finally rally will be seen towards life time highest(18604.50).